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N’Assembly to transmit 2022 budget Thursday – Lawan

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Senate President, Ahmad Lawan
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…Says Senate must remain steadfast in stabilizing polity ahead of 2023
 
President of the Senate, Ahmad Lawan, has said that the National Assembly will on Thursday transmit the 2022 budget passed by both chambers to President Muhammadu Buhari for assent into law.

Lawan gave the hint on Wednesday in his remarks moments before the chamber proceeded on recess.

According to him, the timely assent of the 2022 Appropriations bill into law would ensure the commencement of its implementation by January next year.

He added that businesses operating in the country as well as the economy stand to be impacted positively by the timely passage of the nation’s budget by the National Assembly.
 
He said, “For the 2022 Appropriation bill, we are expecting that the bill will be cleaned up between today and tomorrow, and we hope that by tomorrow, the bill will be sent to Mr. President for his assent.

“[And] we are very optimistic that Mr. President will assent to the bill, like he did for 2020 and 2021, so that by January 2022, the implementation of the budget 2022 will commence by the grace of God.

“We have seen the benefits of passing and assenting to the budget in good time, especially when we had to fight COVID-19.

“The consequence of the implementation of the budget in 2021 and 2020 was very clear. For us to come out of the recession that we found ourselves in the previous period, we must have had the fortune of passing the budget and getting Mr. President to sign in time.

“So, we believe that the economy of Nigeria, and Nigerian businesses especially, will continue to benefit from the passage of the appropriation bills in time and the assent by Mr. President, accordingly.

“We wish to make it clear that our desire is to provide legislations for the peace, order and good government of our country.”

The Senate President further hinted that the chamber would consider the report of the Committee on the Review of the 1999 Constitution as soon as it is presented early next year.

“When we return, we have one major legislation that has not been attended to at all as a chamber, and that is the constitutional amendments.

“Our Committee on the Review of the 1999 Constitution has been doing its work. But as a chamber, we haven’t finished working on it.

“We are expectant that our Committee on the review of the constitution will be presenting the report to this chamber as soon as we resume. The committee has done so much, and the report is almost ready.

“When we harmonize with our colleagues in the House, we should be able to vote on the issues that will particularly bring about peace, unity and good government in our country, before such bill will be sent to the State Houses of Assembly for concurrence.

“On the whole, we must thank Almighty God that almost all those major items we reflected in our legislative agenda as a chamber has been attended to.

“There’s nothing that has been left out, including the review or amendment to our standing orders on how our committees have better and more clearly defined jurisdictions and, of course, how we conduct ourselves here as a chamber.

“And this is because we’ve remained united even in the face of sometimes very difficult issues. We have gone through such difficult moments with dignity and respect for each other, and we have come out even stronger.”

The Senate President reminded his colleagues of the role of the Senate as an institution to stabilize the polity, particularly against the backdrop of issues likely to surface ahead of the 2023 general elections.

“Next year, by the grace of God, will be the last lap of our tenure. So, we have a lot to ensure that we finish all the things that we have penciled down for ourselves and, of course, there are many other issues that from time to time will be coming up in our polity.

“This Senate is supposed to play that role of stabilizing the polity in Nigeria.

“[And] I daresay, that the members of the National Assembly, particularly the Senate, is a stabilizing institution in the polity of Nigeria.”

He underscored the need for the National Assembly to work with the executive arm of government to provide the needed resources, as well as oversight the use of such funds in the fight against insecurity.

“The killings across the country are so bad, and it is not acceptable to us, but we have to work hard because we are part of government and we are also accountable to the people, for not only protecting their lives and property, but to ensure that they have a life that is worth living”, Lawan said.

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Business & Economy

Dangote Refinery Will Generate ‘Massive Job Opportunities’ – Aliko

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Aliko Dangote
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The President of The Dangote Group, Aliko Dangote, on Monday, said his refinery will generate “massive” job opportunities for the teeming Nigerian youths.

He stated this in Lagos during the commissioning of the 650,000 bpd Dangote Petroleum Refinery and Petrochemicals by President Muhammadu Buhari.

The project is expected to churn out Premium Motor Spirit (PMS), diesel (AGO), aviation jet fuel and Dual-Purpose Kerosene (DPK), among other refined products.

“The refinery operation will generate massive job opportunities in their hundreds of thousands,” he said while highlighting the benefits of the refinery.

“The refinery will make available to our industries vital raw materials to a large range of manufacturers in the pharmaceuticals, food, beverages, construction and many other industries.”

The businessman also expressed thanks for the “massive” support for him and The Dangote Group towards the creation of the Dangote Petroleum Refinery and Petrochemicals plant.

He appreciated Buhari and Nigerians for the immeasurable support his company received from the inception of the project to its completion.

“What I want to share with Nigerians is actually to show my personal gratitude and that of The Dangote Group, for all the assistance that we got from the President, from the Federal Government of Nigeria, from even the President-elect, because he also set the pace by creating the Lekki Free Trade Zone as part of his dream.

“And also we want to thank most especially Governor Fashola, Governor Ambode and most especially Governor Sanwo-Olu; because they have given us all the assistance that we were looking for.

“We thank all Nigerians for giving us their support which is too numerous to mention,” the industrialist said.

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Dangote Refinery To Generate 12,000 Megawatts Of Electricity – CBN

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Dangote Refinery
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The Central Bank of Nigeria (CBN) has said that the newly inaugurated Dangote Petroleum Refinery and Petrochemicals will help Nigeria generate more power for its electricity sector.

Speaking today at the inauguration in Lagos State, Governor of the apex bank, Mr Godwin Emefiele, said the Dangote Refinery is expected to generate 12,000 megawatts of electricity.

He further stated that over 135,000 permanent jobs will be available to Nigerians as operations get underway.

According to him, it is also expected that the refinery saves Nigeria between $25 and $30 billion in forex annually.

Like a venture that continues to give, the refinery Emefiele says will further give the economy an inflow of $10billion yearly.

In his opinion, the Dangote Refinery is an indication that Nigeria can produce whatever it Needs.

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SANWO-OLU PRAISES BUHARI, TINUBU, DANGOTE CONTRIBUTIONS TO NIGERIA’S FIRST PRIVATE REFINERY

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President Muhammadu Buhari, Aliko Dangote, Lagos State Governor Babajide Sanwo-Olu ,Senate President Ahmad Lawan and others at the official Commissioning Dangote Refinery in Lagos
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LASG has provided enabling environment for private sector growth, says Dangote

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday, said the stories of President Muhammadu Buhari; President-elect, Asiwaju Bola Tinubu and Chairman of Dangote Group, Alhaji Aliko Dangote are a testament that prosperity can be achieved when  leaders have shared vision for the people they are leading.

Sanwo-Olu shared three different stories on how President Buhari, Asiwaju Tinubu and Dangote are connected to the newly commissioned first privately owned refinery in Nigeria, the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, said the three leaders have shown Nigerians that leadership is about consistency and commitment to Nigeria’s economic growth.

He said: “The vision of Aliko Dangote, President Muhammadu Buhari and incoming President Asiwaju Bola Ahmed Tinubu, is a story of possibility when men have a shared common vision, purpose and they have the possibility that things can happen, things can change and things can be prosperous for the people they are leading.

“These three men; Aliko Dangote, President Muhammadu Buhari, and President-elect Bola Ahmed Tinubu epitomise all the great qualities of great leadership. They have shown us that nothing can be something. They have shown us that leadership is about consistency. It is about showing that whatever it is that you believe in, give it all it takes and at the end of it you will see the results coming out.”

Governor Sanwo-Olu while commending Dangote, said the business mogul is a completely detribalised Nigerian who has impacted many lives positively.

He said: “To our son Alhaji Aliko Dangote, we are indeed truly proud that you have put Nigeria and indeed Africa on that world map in which you have done the very first. We are proud of your belief in your country and your belief in the youth that you are giving the opportunity to. We are proud of the fact that you are a Nigerian that is completely detribalised and you have imbibed it in many ways.

“It is about the opportunity this (refinery) has provided for all the youth and young people of our country. It is about the fact we can say to them the work these three men – Mr. President, Alhaji Dangote, and our incoming president have done and will continue to do.

“It is about our future. It is about providing an opportunity for the youth because over 150,000 direct and indirect jobs that will be created are for our youths; young leaders that are in their 20s and their 30s for them to believe that indeed Nigerian is a place for them. Nigeria considers them as an important and veritable tool in developing and ensuring the very best.

“I want to also thank our President-elect who propelled a vision of what we are enjoying today. As governor and as Lagosian, he was the main architect of the modern history of the trajectory of Lagos and we are hopeful and praying that when he comes in as president, all of those additional vision that he has will come to reality.”

Governor Sanwo-Olu, who was part of the birth of the Lekki free zone in 2006 during the tenure of Tinubu as Governor of Lagos State, praised the host communities for showing hospitality to investors in the area.

“I want to use this opportunity to thank our host community. This community has been the host to several firsts in our country and I want to thank all of them; from the traditional rulers to all of the indigenous citizens that have continued to reflect the true spirit of Lagos to be able to show hospitality and accommodation in everything that we are about,” he said.

Governor Sanwo-Olu also commended President Muhammadu Buhari’s eight years in office, saying the people of Lagos State are proud of what the President has done for Nigeria.

He said: “You (President) have spent 2,915 days out of 2,922 days that you have. Mr. President, you have spent 99.98 percent of your time. Mr President history will certainly judge you well. We in Lagos are happy. This is your third trip to the Lekki Free Zone in less than a year.

“We are proud of you. We are indeed excited that you have thrown everything you have into it and as you bow down, I might not have the opportunity of holding a microphone again, I want to say to you, that on behalf of Lagos State, we are truly proud of the things that you have done for us in this country.”

Speaking earlier, Dangote commended Lagos State Government under the leadership of Governor Sanwo-Olu for providing an enabling environment for private sector growth, particularly the Dangote Refinery.

He said: “Lagos State Government has been exceptionally remarkable in their efforts toward the completion of this project.

“The Lagos State Government under the leadership of Governor Babajide Sanwo-Olu has provided an enabling environment for private sector growth in the state and this project. It has allowed us to invest over $30 billion in different sectors of the industry.”

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